EBay Lowers Fiscal Year Guidance After 2Q Results
August 03 2022 - 4:00PM
Dow Jones News
By Kathryn Hardison
EBay Inc. lowered its full-year guidance after swinging to a
loss in the second quarter.
The company said on Wednesday that it now expects revenue
between $9.6 billion and $9.9 billion for the year, compared with
its outlook issued in May that looked for $10.3 billion to $10.5
billion in revenue.
For the year, eBay now projects a loss from continuing
operations of $1.83 to $1.98 per share, or an adjusted profit of
$3.95 to $4.10 per share. In May, it projected loss from continuing
operations of 5 cents to 25 cents a share, or an adjusted profit of
$3.90 to $4.10 a share.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
August 03, 2022 16:45 ET (20:45 GMT)
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